Financial Services Agency to Standardize Cyber Incident Reporting Across 17 Sectors

On August 7, the Financial Services Agency published a draft amendment to the 'Comprehensive Supervision Guidelines for Major Banks and Others.' The amendment aims to standardize the reporting formats submitted to authorities by operators in the event of computer system failures or cybersecurity incidents, based on an agreement with relevant ministries and agencies. The guidelines cover 17 sectors, including specific administrative guidelines for cryptocurrency exchange operators. The amendment is prompted by the need to address damages from cyber attacks...